LANDOVER, MD--(Marketwired - June 11, 2014) - The Epilepsy Foundation today announced three winners of the 2014 Shark Tank competition for the most innovative ideas in epilepsy and seizure treatment and care. The winners will use their prizes to advance their products to the next phase of development. The Shark Tank judges selected two of the awardees, and a third "People's Choice" winner was selected by a live audience:
"This year's Shark Tank tells us how deeply motivated people are to advance safety monitoring and the treatment of epilepsy. Our finalists presented with great conviction and passion," said Dr. Jacqueline French of the Epilepsy Study Consortium, co-chair of the Pipeline Conference and creator and 2014 moderator of the Epilepsy Foundation's Shark Tank. "The three winners were selected for ideas with the promise of significantly improving the lives of people with epilepsy," she said.
In its third year, the Shark Tank competition has grown with more applicants submitting inventive products, and has become the highlight of the 2014 Epilepsy Pipeline Conference. The judges and audience evaluated key success factors, such as concept, design, cost to market, and how the finalist's visionary idea would improve the lives of people living with epilepsy and seizures. This year's finalists also included Nirav Sheth with the Mc10 "Biostamp" Wearable Sensor, a wireless seizure sensing device worn on the body; Sandra L. Helmers, MD, with WebEase - Y, an online program to enhance youth epilepsy management behaviors; and Michel Lundell with Ketonix, a breath ketone analyzer for people on the ketogenic diet. Learn more about all six finalists and the three winning projects at www.epilepsy.com/shark-tank-2014.
"The Shark Tank Competition represents a significant component of the Epilepsy Foundation's mission -- to incentivize inventors and entrepreneurs to pursue products, therapeutics or technologies with the promise of improving treatment and quality of life for people living with epilepsy," said Philip M. Gattone, president and CEO of the Epilepsy Foundation. "Supporting and promoting partnerships between inventors, researchers, and industry makes it possible to bring new approaches for treating and managing epilepsy in a timeframe that matters. We are proud to say that a previous winner of our Shark Tank Award has a product now making a difference in the lives of people living with seizures."
Judges presiding over this year's Shark Tank represented a breadth of perspectives including industry, investors, advocacy, and the research and medical communities. Jim Abrahams, the director of films including "Airplane!" and "The Naked Gun" served as one of our Sharks. Abrahams is the founder and executive director of The Charlie Foundation. Other sharks included Ari Mackler, PhD, MBA from POM Wonderful; former Epilepsy Foundation board chair Martha Morell, MD; former Epilepsy Foundation Youth Council leader Andrew Smith; and Elson So, MD, who is president of the American Epilepsy Society. To learn more about our judges, please visit www.epilepsy.com/shark-tank-judges-2014.
When a person has two or more unprovoked seizures, they have epilepsy, which affects more than 2 million people in the United States and 65 million people worldwide. This year, another 150,000 people in our country will be diagnosed with epilepsy. Despite all available treatments, four out of 10 people with epilepsy continue to experience uncontrolled seizures while many more experience less than optimal seizure control.
About the Epilepsy Foundation
The Epilepsy Foundation, a national non-profit with 48 affiliated organizations throughout the United States, has led the fight against seizures since 1968. The Foundation is an unwavering ally for individuals and families impacted by epilepsy and seizures. The mission of the Epilepsy Foundation is to stop seizures and sudden unexpected death in epilepsy (SUDEP), find a cure and overcome the challenges created by epilepsy through efforts including education, advocacy and research to accelerate ideas into therapies. The Foundation works to ensure that people with seizures have the opportunity to live their lives to their fullest potential. For additional information, please visit www.epilepsy.com.
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